Healthtech startup Neurowyzr has raised an additional $2.1 million in an oversubscribed seed round. The round, jointly led by Jungle Ventures and Peak XV’s (formerly Sequoia India and Southeast Asia) Surge, with participation from various angel investors, brings the total amount raised by the company to $3.3 million.
According to Neurowyzr, the new capital will be used to ramp up its product development and regional expansion across Southeast Asia and India.
Chennai-based Neurowyzr plans to grow its sales, marketing and software development teams. It is also actively building a network of medical and software distribution partners across India.
The company is developing solutions to address existing gaps in neurology and brain health, at a time where dementia and mental health conditions are rising at an alarming rate. The company’s first product is an online gamified digital neuroscience assessment called the Digital Brain Function Screen (DBFS), which significantly reduces the time and dollar burden of traditional cognitive testing.
Recently, Singapore-based Jungle Ventures announced the merger of HealthXCapital (HXC) team to lead the firm’s healthcare investments in India and Southeast Asia. Earlier this week, Boxs, a B2B manufacturing platform for interior designers and architects, raised money from Peak XV’s Surge. Last month, Ethereal Machines also raised $7.3 million in a new round led by Surge. Peak XV has backed Teleport, Plocth, Pingsafe, Digantara among others since its rebranding in June this year.
